Twin City Ballet Company

Analysis

Twin City Ballet Company is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Twin City Ballet Company reported income of $352k and spending of $359k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $304k to $352k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin City Ballet Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include September 11th National Memorial Trail Alliance ($352k), United Way of Athens and Limestone County Inc ($352k) and Southern Golf Association ($352k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $65k. At year end it held assets of $358k against liabilities of $287, net assets of $358k. It reported 1 employees.